Nasdaq 100 Falls as China Chip Concerns Weigh on AI Stocks

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The Nasdaq 100 moved lower as investors took profits following a strong rally and concerns grew over China’s semiconductor industry. Sentiment weakened after CXMT’s Shanghai IPO surged, raising fears of increased competition in memory chips and pressure on companies such as Micron, Samsung, and SK Hynix. At the same time, technical indicators signalled fading momentum …